DIAMONDHEAD POA YEAR-TO-DATE PROFIT & LOSS THROUGH NOVEMBER, 2007
OPERATIONS
		MEMBER-	CAPITAL	GOLF	COUNTRY	19TH							FACILITIES
	TOTAL	SHIP	IMPROVEM'TS	OPS	CLUB	HOLE	ADMIN	A & E	RECREAT'N	TENNIS	MARINA	AIRPORT	MAINT	SECURITY
REVENUES	7,235,920	2,882,963	1,172,343	1,307,277	1,058,813	227,352	322,118	172,496	10,380	47,822	18,427	15,929	0	0
COST OF SALES	654,865	0	0	145,185	420,591	75,338	0	0	0	0	0	13,751	0	0
GROSS PROFIT	6,581,055	2,882,963	1,172,343	1,162,092	638,222	152,014	322,118	172,496	10,380	47,822	18,427	2,178	0	0
TOTAL EXPENSES	6,401,463	159,869	409,807	1,590,366	1,020,336	205,298	1,078,559	88,048	136,433	94,198	12,251	11,187	1,131,412	463,699
DEPT OPERATING P/(L)	179,592	2,723,094	762,536	(428,274)	(382,114)	(53,284)	(756,441)	84,448	(126,053)	(46,376)	6,176	(9,009)	(1,131,412)	(463,699)
NON-OPERATING ITEMS
DEPRECIATION	501,916	0	0	151,464	57,037	3,762	138,640	0	18,117	7,444	8,107	14,189	89,385	13,771
KATRINA INS. RECOVERY	400,000
NET INCOME	77,676	2,723,094	762,536	(579,738)	(439,151)	(57,046)	(895,081)	84,448	(144,170)	(53,820)	(1,931)	(23,198)	(1,220,797)	(477,470)
COPIES OF MONTHLY STATEMENTS MAY BE OBTAINED IN THE OFFICE